
Protos|Oct 14, 2025 14:27
🤧 SELF-INFLICTED WOUND
Binance's flawed oracle system turned Ethena's $USDe into a 0.65 disaster during Friday's crash, costing the exchange 283M in user reimbursements.
The depeg was real on Binance, but nowhere else. A catastrophic infrastructure failure… 🧵(Protos)
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